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Borrowing - Coggle Diagram
Borrowing
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Risks of Borrowing
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• Legal fees from being taken to court, fines and or prison sentences
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Receiving money from a person or a financial institution, in exchange for an obligation to pay back the money, with interest at an agreed time in the future.
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The Matching Principle: Short, medium- and long-term loans must be matched appropriately to short medium and long term purchases.
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